5 minute read
Opportunity Marketplaces: Aligning Workforce Investment and Value Creation
Opportunity Marketplaces: Aligning Workforce Investment and Value Creation—Findings from the 2020 Future of the Workforce Global Executive Study and Research Project by Michael Schrage, Jeff Schwartz, David Kiron, Robin Jones, and Natasha Buckley
Many leaders are rethinking how they value and invest in their workforces. Across the business landscape, corporate leaders are seeking to develop more flexible, adaptive, and valuable workers. Based on a survey of nearly 3,900 respondents and 18 executive interviews, the authors found that the most effective approaches to achieving a higher-value workforce have a common core: opportunity. Targeted investment in opportunity is fast becoming the central organizing principle for making more people more valuable in more organizations. The multiple interviews identify the design of opportunity marketplaces as perhaps the key leadership challenge for most organizations seeking to ethically maximize human capital returns. Schneider Electric, a global energy management company, has hired a vice president of talent digitization, who’s job is to “help generate revenues by launching technologies that ensure employees
Advertisement
work more efficiently, they remain with Schneider, and their engagement levels go up.” Schneider created this position, as almost half of the employees that left felt they had no growth opportunities within the company. Matching employees with opportunities within the organization has improved retention. Read more here. Workers and Managers are Misaligned: Leaders accustomed to compliance and
control should lead through influence and create options for workers — in much the same way that companies attract and create options for customers. Practices that support workers’ growth within the company and the promotion of top talent should be driven by opportunity rather than prescribed career paths. With this opportunity approach, organizations and their people are better able to recognize that their mutual success depends on ever-smarter investment in themselves and each other. Originally published by MITSloan Management Review, in collaboration with Deloitte® Insights Full report can be accessed at https://
sloanreview.mit.edu/projects/
opportunity-marketplaces/, including a case from Schneider Electric
LAST CHANCE:
THURSDAY, MAY 28, 2020, 2:00 - 3:30 PM (ET)
ASA COVID-19 Response: Reopening The Worksite - Attorneys' Council Panel
Presenters: • Dan McLennon, Smith, Currie & Hancock, LLP, Attorneys Council Chair • Bethany Beck, Sanderford & Carroll, PC, Attorneys Council Chair-Elect • Courtney Little, ACE Glass, ASA Executive Committee • C harles Keller, Snell & Wilmer, LLP Join us for this important webinar panel as we address your questions regarding the challenges and pitfalls ahead as each state approaches reopening during the COVID-19 pandemic. From written notice and supply chain issues to worker safety and PPE on the site, our dedicated group of attorneys is here to guide our subcontractor community through the process. Register here.
TUESDAY, JUNE 9, 2020, NOON TO 1 PM
Setting the Table for Effective Contract Negotiations by Using ASA Bid Conditions
Presenter: Dan McLennon Conditioning your bid can be a powerful tool for negotiating and securing your preferred contract terms and conditions. In this workshop, you will receive suggested bid condition language and tips on how to negotiate using them. Presented by Dan McLennon, Smith, Currie & Hancock LLP. Daniel F. McLennon is a Partner in the San Francisco office of Smith, Currie, representing public entities, general contractors, subcontractors, suppliers, premises owners, manufacturers, professionals, corporations, and individuals. He practices in the areas of commercial and construction litigation. Register here.
TUESDAY, JULY 14, 12:00PM - 1:00 PM (ET)
How to “Turn the Corner” on Auto Claim Increases
Presenter: Jim Berriatura Auto insurance rates continue to increase. Distracted driving is causing accidents at an alarming rate. The traditional auto risk management methods have not dented the jump in claims. Join Jim Berriatua, VP at Gallagher Global Construction Services, for "lessons learned" on how to make crash avoidance (i.e., a zero- accident program) your answer to rising auto insurance rates. Discover how the construction industry stands to benefit from technologybased collision detection systems. Jim Berriatura is currently the Vice President as well as a Producer for Gallagher Global Construction Services in San Francisco, CA. He is a Construction Team Civil Engineer Graduate from Loyola Marymount. Jim has been a Producer for the Gallagher Construction Unit for 22 years. Register here.
Coming Up in the June 2020
Issue of ASA’s
TH E
Theme:
Keep Your Eye on the Ball • The novel coronavirus has disrupted businesses worldwide. How ca n c ompanies get back to wha t they do best, while still p rotecting their employees and customers? • H ow Can We Keep Fro m
F alling? • R evenue Protection in th e
Time of COVID-19 • Pl us More
Look for your issue in June.
To access past issues of The Contractor’s Compass, please click here.
For questions about subscribing, please contact: c ommunications@asa-hq.com
DEFEN DI N G OU R FU TU RE
SUBCONTRACTORS LEGAL DEFENSE FUND
FIGHTING FOR THE RIGHTS OF THE CONSTRUCTION SUBCONTRACTOR COMMUNITY NATIONWIDE
ASA underwrites the legal costs of filing "friend-of-the-court" briefs to inform the Court regarding the broader impact of relevant cases throughout the country. We have won dozens of these cases since 1997, vindicating subcontractor rights today and into the future!
WE NEED YOUR SUPPORT Funding YOUR Legal Defense
Each year, courts across the country hand down hundreds of decisions on federal and state laws, as well as court-made or "case" law, that apply to subcontractors' businesses. Many of the decisions impacting subcontractors interpret the contract provisions of subcontract agreements—provisions like pay-if-paid, holdharmless, duty-to-defend, and no-damag es-for-delay. Some of these decisions a re precedent-setting and carry significance for subcontractors across state lines.
ASA's Subcontractors Legal Defense Fund supports ASA's critical legal activities in precedent-setting cases to protect the interests of all subcontractors. ASA taps the SLDF to fund amicus curiae, or "friend-of-thecourt," briefs in appellate-level cases that would have a signi ficant impact on subcontractor rights.
From its inception, the SLDF has been involved in many landmark decisions, starting with its first case in 1997, Wm. R. Clarke Corporation v. Safeco Ins., which prohibited pay-if-paid clauses in California.
